DDFY vs. JANB

Last updated Aug 1, 2026

DDFY (Innovator Equity Dual Directional 15 Buffer ETF - May) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. DDFY is passively managed, while JANB is actively managed. Their 0.76 correlation means they have sometimes moved together and sometimes differently. DDFY charges 0.79%/yr vs 0.25%/yr for JANB.

Performance

DDFY vs. JANB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 15 Buffer ETF - May (DDFY) and Aptus January Buffer ETF (JANB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDFY

• 1D: 0.32%
• 1M: 0.47%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

JANB

• 1D: 0.48%
• 1M: 0.80%
• 6M: 6.06%
• YTD: 6.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DDFY Innovator Equity Dual Directional 15 Buffer ETF - May	$205.39K	$255.98K	$1.06M
JANB Aptus January Buffer ETF	$172.70K	$156.00K	$568.29K

DDFY vs. JANB - Yearly Performance Comparison

	2026 (YTD)
DDFY Innovator Equity Dual Directional 15 Buffer ETF - May	0.72%
JANB Aptus January Buffer ETF	3.11%

Correlation

The correlation between DDFY and JANB is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 1, 2026	0.76

Return for Risk

DDFY vs. JANB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 15 Buffer ETF - May (DDFY) and Aptus January Buffer ETF (JANB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

DDFY vs. JANB - Drawdown Comparison

The maximum DDFY drawdown since its inception was -1.49%, smaller than the maximum JANB drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for DDFY and JANB.

Drawdown Indicators

	DDFY	JANB	Difference
Max Drawdown Largest peak-to-trough decline	-1.49%	-6.52%	+5.03%
Current Drawdown Current decline from peak	-0.12%	-0.06%	-0.06%
Average Drawdown Average peak-to-trough decline	-0.50%	-1.02%	+0.52%

Volatility

Volatility by Period

	DDFY	JANB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.43%	7.38%	-1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.43%	7.38%	-1.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.43%	7.38%	-1.95%

DDFY vs. JANB - Expense Ratio Comparison

DDFY has a 0.79% expense ratio, which is higher than JANB's 0.25% expense ratio.

Dividends

DDFY vs. JANB - Dividend Comparison

Neither DDFY nor JANB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDFY and JANB in my portfolio?

DDFY and JANB have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDFY or JANB?

On fees, JANB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDFY or JANB?

JANB is cheaper with a 0.25% expense ratio, compared with 0.79% for DDFY.

Which ETF pays a higher dividend yield, DDFY or JANB?

DDFY and JANB have nearly identical dividend yields, around 0.00%.

What is the main difference between DDFY and JANB?

They also come from different issuers: Innovator and Aptus. Their fees differ too: 0.79% for DDFY and 0.25% for JANB.